2014 MAD to KES Historical Review

YEARLY HIGH

10.7559 KES

YEARLY LOW

9.9996 KES

YEARLY AVERAGE

10.4593 KES

2014 MAD to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 10.7559. Conversely, the yearly low was recorded on December 31, dropping to 9.9996.

This high-to-low spread represents a total annual volatility of 0.7562 KES. From a start-to-finish perspective, comparing the January average rate of 10.4786 to the December average rate of 10.1197, the exchange rate registered a net change of -3.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 10.7559 was up 0.95% compared to the 2013 peak of 10.6544, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 53,779 KES

2013 Average 51,224 KES

Yearly Trough Low 49,998 KES

Transaction Impact: A difference of 3,781.13 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

10.7435

10.0630

JanuMarcMayJulySeptNove

MAD to KES Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 10.5989, compared to 10.3197 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2792 points.

H1 Avg (Jan–Jun) 10.5989

H2 Avg (Jul–Dec) 10.3197

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.2631 KES (High: 10.2627 / Low: 9.9996). On the other end, June was the most stable month, with a tight range of 0.0872 KES (High: 10.6805 / Low: 10.5933).

December Spread (Volatile) ±0.2631

June Spread (Stable) ±0.0872

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.1975 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1975

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 10.6868) against the same month in 2013 (average: 9.8201), the exchange rate shifted by +0.8666 (+8.83%).

2014 Avg (May) 10.6868

2013 Avg (May) 9.8201

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5712	10.3710	10.4786
February	10.5986	10.4115	10.5031
March	10.7119	10.5708	10.6390
April	10.7231	10.5805	10.6631
May	10.7559	10.6431	10.6868
June	10.6805	10.5933	10.6226
July	10.6823	10.5133	10.6025
August	10.5615	10.4304	10.5104
September	10.4577	10.1968	10.3129
October	10.2735	10.1215	10.2059
November	10.2384	10.1081	10.1666
December	10.2627	9.9996	10.1197